Monaco Asset Management SAM Has $681,000 Stake in StoneCo Ltd. (NASDAQ:STNE)

Monaco Asset Management SAM cut its holdings in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 62.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 65,000 shares of the company's stock after selling 110,000 shares during the period. Monaco Asset Management SAM's holdings in StoneCo were worth $681,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in STNE. Raymond James Financial Inc. acquired a new stake in shares of StoneCo in the fourth quarter valued at approximately $132,000. HighTower Advisors LLC acquired a new stake in shares of StoneCo in the 4th quarter valued at approximately $312,000. Thrivent Financial for Lutherans boosted its holdings in shares of StoneCo by 6.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 21,082 shares of the company's stock valued at $168,000 after buying an additional 1,205 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of StoneCo in the 4th quarter valued at approximately $405,000. Finally, LPL Financial LLC boosted its holdings in shares of StoneCo by 15.8% in the 4th quarter. LPL Financial LLC now owns 87,015 shares of the company's stock valued at $694,000 after buying an additional 11,871 shares during the last quarter. 73.19% of the stock is currently owned by institutional investors and hedge funds.

StoneCo Price Performance

Shares of StoneCo stock traded down $0.21 during trading on Friday, reaching $12.57. 2,837,921 shares of the company's stock were exchanged, compared to its average volume of 4,539,940. The firm's 50-day moving average price is $14.48 and its 200 day moving average price is $12.13. The company has a market cap of $3.60 billion, a P/E ratio of -16.12, a PEG ratio of 0.34 and a beta of 1.88. StoneCo Ltd. has a 1-year low of $7.72 and a 1-year high of $16.68. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.39 and a current ratio of 1.39.

StoneCo (NASDAQ:STNE - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. StoneCo had a positive return on equity of 16.65% and a negative net margin of 8.90%. The company had revenue of $625.86 million for the quarter, compared to the consensus estimate of $3.68 billion. As a group, research analysts anticipate that StoneCo Ltd. will post 1.16 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on STNE. JPMorgan Chase & Co. boosted their target price on StoneCo from $15.50 to $18.50 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Wall Street Zen lowered StoneCo from a "buy" rating to a "hold" rating in a report on Friday, June 6th. Barclays lifted their price target on StoneCo from $13.00 to $15.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Santander raised StoneCo from a "neutral" rating to an "outperform" rating in a report on Wednesday, May 21st. Finally, Citigroup raised StoneCo from a "neutral" rating to a "buy" rating and upped their price objective for the company from $9.00 to $15.00 in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $15.07.

StoneCo Company Profile

StoneCo Ltd. provides financial technology and software solutions to merchants and integrated partners to conduct electronic commerce across in-store, online, and mobile channels in Brazil. It distributes its solutions, principally through proprietary Stone Hubs, which offer hyper-local sales and services; and sells solutions to brick-and-mortar and digital merchants through sales team.